From Dorm Room to Millions with Dr. Shaan Patel

Mr. Biz Radio

Dr. Patel is the founder and CEO of Prep Expert, a leading education company that has assisted over 100,000 students in boosting their SAT and ACT scores, gaining admission to top colleges, and securing over $100 million in scholarships. An accomplished individual, Patel raised his own SAT score from average to a perfect score, an achievement that less than 0.02% of all students achieve. He has authored more than 15 test prep books and is a board-certified dermatologist. Dr. Patel was featured on ABC’s Shark Tank, where he secured a deal with Mark Cuban. He holds degrees from Yale and the University of Southern California and was named one of Ink magazine’s 30 under 30. In this engaging episode of Mr. Biz Radio, host Ken "Mr. Biz" Wentworth speaks with the remarkable Dr. Shaan Patel, founder and CEO of Prep Expert. Dr. Patel recounts his inspiring transformation from an average high school student to a Shark Tank success, securing a deal with Mark Cuban. The discussion explores how he effectively balanced his entrepreneurial pursuits with a demanding medical career, driving Prep Expert’s significant growth and impact. The conversation underscores the importance of resilience, strategic pivoting, and the power of authoritative credentials, such as writing a book, in business. Key Takeaways: -Focus on what you're good at and have invested significant time into rather than following fleeting passions. -It's possible to manage a full-time job while successfully nurturing a side hustle into a main business. -Becoming an authority in your field, as Dr. Patel did with SAT Prep, can significantly boost business credibility and opportunities. -Approach potential investors with substantial value propositions to secure and maximize high-value partnerships. - Overcoming early failures and criticisms is crucial—pivot when necessary and continuously build on past experiences

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